Manhattan Associates, Inc. (NASDAQ:MANH) Stake Cut by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,660 shares of the software maker's stock after selling 4,482 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of Manhattan Associates worth $27,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in shares of Manhattan Associates by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 4,240 shares of the software maker's stock worth $1,046,000 after acquiring an additional 349 shares during the period. CWM LLC lifted its holdings in shares of Manhattan Associates by 44.5% during the 3rd quarter. CWM LLC now owns 3,648 shares of the software maker's stock worth $1,026,000 after acquiring an additional 1,124 shares during the period. Creative Planning lifted its holdings in shares of Manhattan Associates by 10.4% during the 3rd quarter. Creative Planning now owns 8,035 shares of the software maker's stock worth $2,261,000 after acquiring an additional 756 shares during the period. Trust Point Inc. lifted its holdings in shares of Manhattan Associates by 8.0% during the 3rd quarter. Trust Point Inc. now owns 1,385 shares of the software maker's stock worth $390,000 after acquiring an additional 103 shares during the period. Finally, Accurate Wealth Management LLC increased its position in Manhattan Associates by 60.7% during the 3rd quarter. Accurate Wealth Management LLC now owns 2,854 shares of the software maker's stock worth $860,000 after purchasing an additional 1,078 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 3,475 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now owns 42,812 shares of the company's stock, valued at approximately $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the sale, the senior vice president now directly owns 22,086 shares of the company's stock, valued at $6,398,976.78. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

Manhattan Associates Trading Down 1.7 %

NASDAQ:MANH traded down $3.16 during trading hours on Tuesday, hitting $187.25. The stock had a trading volume of 366,777 shares, compared to its average volume of 881,556. Manhattan Associates, Inc. has a 1-year low of $169.94 and a 1-year high of $312.60. The business has a 50 day simple moving average of $257.02 and a two-hundred day simple moving average of $267.95. The company has a market cap of $11.44 billion, a PE ratio of 53.35 and a beta of 1.50.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. DA Davidson dropped their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial dropped their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Citigroup dropped their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Loop Capital dropped their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $273.33.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.